One Brown Cow Limited - Period Ending 2015-01-31

Registration number: 06063268

One Brown Cow Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

One Brown Cow Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
One Brown Cow Limited
for the Year Ended 31 January 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of One Brown Cow Limited for the year ended 31 January 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of One Brown Cow Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of One Brown Cow Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One Brown Cow Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that One Brown Cow Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of One Brown Cow Limited. You consider that One Brown Cow Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of One Brown Cow Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Howdenwhite LLP
Certified Chartered Accountants
Units 16-18, The Boscombe Centre
Mills Way
Amesbury
Salisbury
Wiltshire
SP4 7SD

23 October 2015

Page 1

One Brown Cow Limited
(Registration number: 06063268)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,942			1,680
Current assets
Stocks					34,843			35,488
Debtors					3,133			1,418
Cash at bank and in hand					12,121			14,464
					50,097			51,370
Creditors: Amounts falling due within one year					(52,471)			(45,118)
Net current (liabilities)/assets					(2,374)			6,252
Total assets less current liabilities					1,568			7,932
Provisions for liabilities					-			(337)
Net assets					1,568			7,595
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					1,468			7,495
Shareholders' funds					1,568			7,595

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 October 2015 and signed on its behalf by:

.........................................
Mr Francis Clemas
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

One Brown Cow Limited
(Registration number: 06063268)
Abbreviated Balance Sheet at 31 January 2015
......... continued

.........................................
Mrs Tracy Clemas
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

One Brown Cow Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers. Revenue is recognised when the sale is made.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 4

One Brown Cow Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		2,642			2,642
Additions		2,814			2,814
At 31 January 2015		5,456			5,456
Depreciation
At 1 February 2014		962			962
Charge for the year		552			552
At 31 January 2015		1,514			1,514
Net book value
At 31 January 2015		3,942			3,942
At 31 January 2014		1,680			1,680

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 5